GDT Continues Downward Trend

Global Dairy Trade Event 238 concluded with the GDT Price Index down 3.8%

Key Results

AMF index down 3.3%, average price US$5,530/MT
Butter index down 5.7%, average price US$4,553/MT
BMP not offered
Ched index down 4.3%, average price US$3,781/MT
LAC index down 2.2%, average price US$875/MT
RenCas index up 2.3%, average price US$7,494/MT
SMP index down 3.5%, average price US$2,358/MT
SWP index not available, average price not available
WMP index down 4.3%, average price US$3,006/MT

Full results have been published on www.globaldairytrade.info.

Drink One More Glass of Milk and Save a Dairy

If only it were that easy. For many years the dairy industry has struggled with an imbalanced market- more production than domestic consumption- and generally that was a world-wide dilemma. Because milk in fluid form is highly perishable, different then corn or soy that can be stored for years, it has to be manufactured into a more stable product. Cheese, butter and powders gave a much longer shelf-life, and were put into storage by the ton.

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WASDE Predicts Milk Production and prices Up for 2020

The May 10 World Agricultural Supply and Demand Estimate report  has milk production for 2020 forecast higher than 2019. Dairy herds are expected to begin to expand as producers respond to higher milk prices and lower feed costs. Milk per cow is expected to continue increasing, and the forecast also reflects the one extra day due to leap year.

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WASDE Lowers Milk Production Forecast; Raises All Milk Price Forecast

For 2019, The March 8 World Agricultural Supply and Demand Estimates lowered the milk production forecast on smaller expected dairy cow numbers.

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December Milk Production In Iowa Down Slightly

Milk production in Iowa during December 2018 totaled 441 million pounds, down fractionally from the previous December according to the latest USDA, National Agricultural Statistics Service – Milk Production report. The
average number of milk cows during December, at 220,000 head, was unchanged from last month and last year. Monthly production per cow averaged 2,005 pounds, down 5 pounds from last December.

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